Asian De­vel­op­ment Bank to boost co­op­er­a­tion with China

China Daily (USA) - - BUSINESS - By JIANG XUEQING jiangx­ue­qing@chi­nadaily.com.cn

China will fur­ther ex­pand its co­op­er­a­tion with the ADB in terms of loans and tech­ni­cal as­sis­tance.”

Zhang Dawei, deputy di­rec­tor­gen­eral of the com­pre­hen­sive plan­ning depart­ment of the Min­istry of Trans­port

The Asian De­vel­op­ment Bank will en­hance its co­op­er­a­tion with China, fol­low­ing the Chi­nese govern­ment’s pri­or­i­ties set out in the 13th FiveYear Plan (2016-20) and the Belt and Road Ini­tia­tive, an of­fi­cial of the bank said on Mon­day.

Robert Guild, di­rec­tor of the trans­port di­vi­sion of the ADB’s East Asia depart­ment, said: “When we plan our for­ward pipe­line of pro­jects, we work with the Na­tional De­vel­op­ment and Re­form Com­mis­sion and with the prov­inces to iden­tify pro­jects that may con­trib­ute to the Belt and Road Ini­tia­tive within China and cross­ing the bor­ders into neigh­bor­ing coun­tries.

“ADB has more than 40 de­vel­op­ing mem­ber coun­tries all through Asia. Also in those coun­tries, we fi­nance pro­jects that may con­trib­ute to the Belt and Road Ini­tia­tive on the other side of the bor­der,” he said, speak­ing on the side­lines of a trans­port work­shop in Bei­jing.

The Belt and Road Ini­tia­tive, pro­posed by Pres­i­dent Xi Jin­ping, is a de­vel­op­ment strat­egy that fo­cuses on con­nec­tiv­ity and co­op­er­a­tion among more than 60 coun­tries and re­gions across Asia, Europe and Africa.

Speak­ing of the ADB’s pri­or­i­ties in the road sec­tor as­so­ci­ated with the ini­tia­tive for the next three years, Guild said: “We have planned cross-bor­der fa­cil­i­ties — things like ware­houses, sort­ing yards, and places for trucks and trains to in­ter­change their cargo — bor­der cross­ing posts, sup­port to small and medi­um­sized en­ter­prises and in­for­ma­tion sys­tems in the Guangxi Zhuang au­ton­o­mous re­gion… We also have pro­jects deal­ing with lo­gis­tics hubs in the Xin­jiang Uygur au­ton­o­mous re­gion, go­ing to the west.”

In the rail sec­tor, the bank is work­ing in Yun­nan prov­ince and has three pro­jects com­ing up, to con­nect with south­ern neigh­bor­ing coun­tries, he added.

The ADB will scale up its oper­a­tions in re­gional co­op­er­a­tion and in­te­gra­tion, a ma­jor strate­gic agenda of the bank, to at least 30 per­cent of the to­tal in 2020, and trans­port is the first pil­lar of the RCI strat­egy. More than half of the bank’s RCI loans to China be­tween 2006 and 2014 were de­voted to trans­port pro­jects, said Masahiro Nishimura, trans­port spe­cial­ist of the trans­port di­vi­sion of ADB’s East Asia depart­ment.

The bank ap­proved more than $17 bil­lion of loans for trans­port and in­for­ma­tion and com­mu­ni­ca­tion tech­nol­ogy in China from 1986 and 2015, ac­count­ing for 55 per­cent of its lend­ing port­fo­lio in the na­tion.

Zhang Dawei, deputy di­rec­tor-gen­eral of the com­pre­hen­sive plan­ning depart­ment of the Min­istry of Trans­port, said un­der the Belt and Road Ini­tia­tive, the Chi­nese trans­port sec­tor will have a huge de­mand for cap­i­tal pro­vided by in­ter­na­tional fi­nan­cial in­sti­tu­tions like ADB dur­ing the 13th Five-Year Plan.

“China will fur­ther ex­pand its co­op­er­a­tion with the ADB in terms of loans and tech­ni­cal as­sis­tance and step up re­gional trans­port co­op­er­a­tion. In the mean­time, we will also ex­pand our co­op­er­a­tion with the ADB to ar­eas such as in­te­grated trans­porta­tion, mod­ern lo­gis­tics, ur­ban trans­port and green trans­port,” he said.

The Min­istry of Trans­port will im­prove land trans­port pas­sages along the Belt and Road by tak­ing neigh­bor­ing coun­tries as pri­or­i­ties, pro­mot­ing the con­nec­tiv­ity of na­tional in­fra­struc­ture con­struc­tion plans, and speed­ing up the con­struc­tion of in­ter­na­tional trans­port pas­sages.

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